MUNICH, 7TH OF JANUARY 2013

PAYMILL receives €10m investment to fund further expansion

PAYMILL receives €10m investment to fund further expansion

MUNICH, 7TH OF JANUARY 2013

PAYMILL, the innovative payment service provider, has received an investment of 10 million Euro by Holtzbrinck Ventures and Sunstone Capital. The company gives online stores and service providers on the internet the ability to integrate common payment methods into their platform, especially online card payments. PAYMILL is already active in 34 countries across Europe and other regions.

Mark Henkel, CEO of PAYMILL: “The investments by Holtzbrinck Ventures and Sunstone Capital reinforce our leading innovative position in the European online payment market and will help us to continue our rapid growth. Especially, we will use the funds to further improve our technical platform and to enhance our customer care. It’s our goal that everyone can accept online payments fast and easily.”

PAYMILL is well positioned for further rapid growth and international expansion: PAYMILL is currently receiving a double digit million euro in total financing. Investors include Rocket Internet, Holtzbrinck Ventures, RI Digital and Sunstone Capital.

PAYMILL gives online stores and service providers on the internet the ability to integrate common payment methods and especially card payments on their websites.
The very simple API, the fast onboarding process and the transparent price, in combination with comprehensive customer support set PAYMILL apart from other popular payment providers. Integration of the service is substantially facilitated for merchants by simple copying and pasting of a few lines of code into the source code of their websites. The service includes providing of payment methods and secure payment processing in the background. PAYMILL is the first provider to have brought this simple and user-friendly technical solution to Europe.